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On the wrong side of 60: Rupee's fall

By: Material type: Mixed materialsMixed materialsPublication details: 2013Description: 40-48Subject(s): NLM classification:
  • 332
In: BUSINESS INDIAMSummary: When the rupee touched 59.90 to the dollar, an all time low, at a press briefing in Delhi, chief economic advisor Raghuram Rajan said that action will be taken when necessary. Finance Minister P. Chidambaram reiterated his stand that he is watching the situation. There was a common tone in both the statements: That the rupeemust find its own level.
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When the rupee touched 59.90 to the dollar, an all time low, at a press briefing in Delhi, chief economic advisor Raghuram Rajan said that action will be taken when necessary. Finance Minister P. Chidambaram reiterated his stand that he is watching the situation. There was a common tone in both the statements: That the rupeemust find its own level.

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